Some states have been raising auto insurance rates more than others over the past two years of spiking premium prices.

A data analysis by insurance shopping website Insurify found Nevada, New York and Washington state approved the largest number of rate hikes since the beginning of 2023.

State regulators, which must approve rate hikes, gave the green light to more auto insurance rate increases than other states, the study discovered. 

Nevada alone had 46% worth of rate increases in the past two years for an average annual cost of full coverage last year 2024 of $2,973, according to Insurify, which projects the state’s rates to rise another 8% this year. It blames in part a surge in vehicle thefts, which it says rose 18% in 2023 alone.

New York’s average full coverage last year clocked in at a whopping $3,804, and Insurify expects it to tick up another 10% this year to $4,183, the trend stemming from its high population density, which increases risk of crashes.

Washington state, meanwhile, was at $2,001 last year and is projected to see a 6% increase this year.

Nationwide, auto insurance rate increases are projected to slow this year, at least, with a 5% average hike on tap after rising 42% since 2022, according to Insurify.

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